Office address: 66 Hudson Boulevard East, New York, NY 10001
Website: us.hsbc.com
Year established: 1875
Company type: banking
Employees: 2,180+ (US)
Expertise: retail banking, wealth management, investment banking, corporate banking, international banking, trade finance, insurance, treasury services, liquidity management, alternative investments
Parent company: HSBC Holdings
Key people: Jason Henderson (interim CEO), Racquel Oden (division head), Andrew Fullam (CFO), Sara Dodds (COO), Lloyd Plenty (chief risk officer), Christine Calarco (interim chief compliance officer), Marie Minardo (chief audit officer)
Financing status: corporation
HSBC is a major banking institution based in New York. The bank offers retail banking, wealth management, and investment services across the US. The company is known for its international reach and strong presence in key American cities.
HSBC’s story in the United States began in 1875 with its first office in San Francisco. The bank then expanded to New York City to focus on trade finance for growing markets.
The company’s origins reach back to 1865, when it launched operations in Hong Kong, followed soon after by an office in Shanghai.
By 1955, the San Francisco office became The Hongkong and Shanghai Banking Corporation of California. This new subsidiary built a small network of branches and kept its focus on trade.
In 1980, the firm made a bold move by acquiring a majority stake in Marine Midland Bank. Seven years later, HSBC completed the takeover, which helped the bank reach more clients across the country.
The year 1999 marked another turning point. Marine Midland Bank was renamed HSBC Bank USA, and HSBC Holdings plc made its debut on the NYSE. That same year, the group acquired Republic New York Corporation which strengthened its presence in the US financial market.
To align more closely with its Wall Street peers, HSBC Holdings plc reorganized its investment operations in 2024. This move signaled a new era in the financial capital of the world. It also moved its US headquarters to The Spiral in New York City.
That year, the firm also set new targets to reduce the carbon footprint of its capital markets business. The group became one of the first banks to include emissions from capital markets activities in its annual disclosures.
HSBC provides investment products in the US, focusing on global access and tailored solutions for clients:
HSBC is recognized for its global network and expertise in cross-border banking. Clients have access to broad support for personal and business finances.
HSBC states that its purpose is to open up opportunities and support an inclusive workplace. Its values include:
The firm says that it promotes flexibility, learning, and collaboration to help employees do their best work. HSBC lists these benefits for its employees:
HSBC in the US views diversity and inclusion as key strengths for its workforce and business. The company says that unique contributions from employees, customers, and suppliers help drive its strategy and growth.
Jason Henderson became interim US CEO and head of banking at HSBC in 2025. Before this, Henderson held senior roles at RBC Capital Markets, including managing director positions in Europe and foreign exchange. He graduated from Queen’s University.
The US Operating Committee at HSBC includes leaders with deep expertise and global experience:
This committee is responsible for guiding HSBC’s US strategy and managing core areas including finance, operations, risk, compliance, and audit.
HSBC issued a report in 2025 that downgraded BofA, Goldman Sachs, and JPMorgan due to concerns about rising risks in the market. The company made this call because it found that recent bank stock rallies may not reflect future risks.
The firm pointed out concerns about economic uncertainty and possible interest rate cuts ahead. HSBC's analysis suggests investors should be cautious as these factors could affect bank stock performance going forward.
On another note, the firm decided to set aside $1.1 billion after a Luxembourg court ruled against the bank in a major Madoff case. This provision showed its responsibility to address past legal risks and protect its financial health. The outcome would influence how the company managed future challenges and maintained client trust during its business restructuring.
Stefan Hoops, head of the German lender’s corporate bank, will assume the top role at DWS from June 10.
‘No compelling evidence’ of ESG’s impact on cost of capital, says Jim Whittington of Dimensional Fund Advisors.
The agency has been sending firms lists of key positions including heads of certain investment banking teams or trading desks.
The Telemessage technology, combined with existing services from Smarsh, will assist in the ongoing struggle to monitor private messaging apps used by employees at financial services firms.
The latest apps like WhatsApp and emailing platforms like Gmail are beginning to play an oversized role in adviser communications, a trend that could increase as more clients choose to communicate via their smartphones.
Divestments abound but questions remain over who can and would buy the holdings being rapidly offloaded.
The SEC is probing Citigroup Global Markets Inc. and other firms over communications sent over unapproved electronic messaging channels.
In December, the SEC and CFTC imposed $200 million in fines on JPMorgan Chase over messaging apps.
Bank cooperating with CFTC probe into business communications. This comes after JPMorgan was fined for messages outside work systems.
The possibility of a war that could increase inflationary pressures or rate hikes from central banks that are more aggressive than expected are among the factors weighing on equities.
Scott Howell will open an office in Summit, New Jersey.
BondBloxx, founded by a group of former BlackRock executives, will offer fixed-income exchange-traded funds that target specific industry sectors.
Van Saun says the bank is remaining disciplined in terms of the price it is willing to pay for wealth firms.
The financial technology platform, which provides financial advisers with access to alternative investments, saw its valuation top $800 million with the funding round led by WestCap.
In the fund tracker's second round of measuring the ESG commitment of asset managers, it found that most fund companies rank near the bottom.
